NYSE:TECK

Teck Resources - TECK Stock Forecast, Price & News

$28.67

-0.48 (-1.65%)

(As of 09/26/2022 02:15 PM ET)

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Today's Range: $28.43
▼
$29.96
50-Day Range: $26.03
▼
$36.75
52-Week Range: $24.11
▼
$45.90

Volume: 262,667 shs
Average Volume: 5.45 million shs
Market Capitalization: $14.96 billion

P/E Ratio: 3.56
Dividend Yield: 1.30%
Price Target: $50.86

Teck Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.93 Rating Score
Upside/Downside: 78.1% Upside
$50.86 Price Target
Short Interest: Healthy
2.27% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -9.56
Upright™ Environmental Score
News Sentiment: -0.51
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -36.60%
From $6.83 to $4.33 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Basic Materials Sector

84th out of 168 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

4th out of 14 stocks

3.5

Analyst's Opinion

Consensus Rating
Teck Resources has received a consensus rating of Buy. The company's average rating score is 2.93, and is based on 14 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $50.86, Teck Resources has a forecasted upside of 78.1% from its current price of $28.56.
Amount of Analyst Coverage
Teck Resources has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.27% of the float of Teck Resources has been sold short.
Short Interest Ratio / Days to Cover
Teck Resources has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Teck Resources has recently decreased by 0.42%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Teck Resources pays a meaningful dividend of 1.30%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Teck Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Teck Resources is 4.72%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Teck Resources will have a dividend payout ratio of 8.78% next year. This indicates that Teck Resources will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Teck Resources has received a -246.28% net impact score from Upright. The largest negative impact of Teck Resources in category "GHG emissions" seems to be driven mostly by its "Coke (from coal)", "Zinc", and "Copper" products. See details.
Environmental Sustainability
The Environmental Impact score for Teck Resources is -9.56.

1.4

News and Social Media Coverage

News Sentiment
Teck Resources has a news sentiment score of -0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.29 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Teck Resources this week, compared to 3 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 2 reddit mentions for Teck Resources this week, compared to 1 mention on an average week.
Search Interest
Only 25 people have searched for TECK on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.
MarketBeat Follows
29 people have added Teck Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 38% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Teck Resources insiders have not sold or bought any company stock.
Percentage Held by Institutions
55.01% of the stock of Teck Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Teck Resources are expected to decrease by -36.60% in the coming year, from $6.83 to $4.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Teck Resources is 3.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.37.
Price to Earnings Ratio vs. Sector
The P/E ratio of Teck Resources is 3.55, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 74.39.
Price to Earnings Growth Ratio
Teck Resources has a PEG Ratio of 0.98. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Teck Resources has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Teck Resources (NYSE:TECK) Stock

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, and Energy segments. The company's principal products include copper, zinc, steelmaking coal, and blended bitumen. It also produces lead, silver, and molybdenum; and various specialty and other metals, chemicals, and fertilizers. In addition, the company explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.

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TECK Stock News Headlines

September 16, 2022 | marketbeat.com

Stock Market: 3 Islands Of Strength In A Sea Of Red (TECK)

The analysts are upgrading these stocks despite the broad market weakness which means these are stock investors should pay attention to.

August 26, 2022 | dividendstocks.com

Is Teck Resources Ltd. a Good Dividend Option for Investors?

September 26, 2022 | Investing Trends (Ad)

Copper More Critical than Lithium?

Lithium may have grabbed the headlines as a key material in building electric vehicles (EVs). But so is copper. And copper's importance in the new green economy goes far beyond EVs. Copper is critical in building wind turbines and solar panels. It's key to power lines and upgrading the national grid. Analysts say we're facing a 10-million-ton shortfall if new copper mines are not found.

September 22, 2022 | americanbankingnews.com

Teck Resources (NYSE:TECK) Price Target Lowered to $43.00 at Deutsche Bank Aktiengesellschaft

September 22, 2022 | americanbankingnews.com

Teck Resources (NYSE:TECK) PT Raised to C$57.00

September 21, 2022 | theglobeandmail.com

Teck’s coal production hit by equipment failure, strike

September 18, 2022 | americanbankingnews.com

Teck Resources (NYSE:TECK) Rating Increased to Overweight at Morgan Stanley

September 16, 2022 | investing.com

Morgan Stanley Upgrades Teck Resources, Alcoa and Nexa as Value Begins to Emerge

September 26, 2022 | Investing Trends (Ad)

Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium

The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.

September 16, 2022 | seekingalpha.com

Agnico Eagle, Teck to become 50/50 JV partners on San Nicolás copper-zinc project

September 16, 2022 | markets.businessinsider.com

Analyst Ratings for Teck Resources

September 16, 2022 | finance.yahoo.com

Teck and Agnico Eagle Announce Agreement on the San Nicolás Copper-Zinc Project located in Zacatecas, Mexico

September 2, 2022 | finance.yahoo.com

Solid Project Pipeline Aid Teck (TECK) Amid Higher Costs

September 1, 2022 | seekingalpha.com

Tracking Christopher Davis' Davis Selected Advisers 13F Portfolio - Q2 2022 Update

August 30, 2022 | finanznachrichten.de

Power Nickel Inc.: Power Nickel Files the NI 43-101 Technical Report for the Mineral Resource Estimate of the Nisk Project

August 28, 2022 | msn.com

Conservation groups woo Teck support in cross-border diplomacy

August 17, 2022 | msn.com

3 Top Stocks for Commodity Exposure

August 16, 2022 | finance.yahoo.com

Here’s Why You Should Consider Investing in Teck Resources (TECK)

August 12, 2022 | seekingalpha.com

Teck Resources: Expect Near-Zero Q3 Earnings As Commodity Prices Tumble

August 8, 2022 | finance.yahoo.com

Sumitomo Metal, Sumitomo Corp hike Chile copper project cost estimate by 60%

July 29, 2022 | finance.yahoo.com

Teck Resources Limited: Record Metallurgical Coal Prices Drive Strong 2022 Second Quarter for Teck, FVE Lowered to USD 25.50

July 28, 2022 | baystreet.ca

Teck Resources Posts Record Profits, CEO To Retire

July 27, 2022 | seekingalpha.com

Teck Resources Q2 profit surges to record C$1.8B as CEO set to step down

July 27, 2022 | msn.com

Teck CEO Don Lindsay to retire after 17 years amid record returns

July 27, 2022 | msn.com

Recap: Teck Resources Q2 Earnings

July 27, 2022 | finance.yahoo.com

Teck CEO Don Lindsay to Exit Miner After 17 Years at Helm

July 27, 2022 | msn.com

Canadian miner Teck CEO Lindsay to step down; quarterly profit surges

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TECK Company Calendar

Ex-Dividend for 6/30 Dividend: 6/14/2022
Dividend Payable: 6/30/2022
Last Earnings: 7/27/2022
Ex-Dividend for 9/29 Dividend: 9/14/2022
Today: 9/26/2022
Dividend Payable: 9/29/2022
Next Earnings (Confirmed): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:TECK
CUSIP: N/A
CIK: 886986
Web: www.teck.com
Phone: (604) 699-4000
Fax: 604-699-4750
Employees: 10,600
Year Founded: 1906

Price Target and Rating

Average Stock Price Forecast: $50.86
High Stock Price Forecast: $63.00
Low Stock Price Forecast: $36.00
Forecasted Upside/Downside: +77.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.93
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.05
Trailing P/E Ratio: 3.56
Forward P/E Ratio: 4.20
P/E Growth: 0.98
Net Income: $2.29 billion
Net Margins: 28.90%
Pretax Margin: 45.25%
Return on Equity: 23.73%
Return on Assets: 12.10%

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 1.82
Quick Ratio: 1.25

Sales & Book Value

Annual Sales: $10.76 billion
Price / Sales: 1.39
Cash Flow: $6.91 per share
Price / Cash Flow: 4.15
Book Value: $36.03 per share
Price / Book: 0.80

Miscellaneous

Outstanding Shares: 521,723,000
Free Float: N/A
Market Cap: $14.96 billion
Optionable: Optionable
Beta: 1.09

Social Links

Key Executives

Mr. Donald R. Lindsay B.Sc. Honours (Age 63)
M.B.A, Pres, CEO & Director
Comp: $3.67M

Mr. Harry Milton Conger IV (Age 66)
Exec. VP & COO
Comp: $1.47M

Mr. Peter C. Rozee
Sr. VP of Commercial & Legal Affairs

Mr. Robin B. Sheremeta
Sr. VP of Coal

Crystal J. Prystai
VP, Corp. Controller & Interim CFO

Mr. Alexander Nicholas Christopher B.Sc (Hons) (Age 56)
B.Sc., P.Geo (BC), P.Geo., Sr. VP of Projects & Technical Services

Mr. H. Fraser Phillips
Sr. VP of Investor Relations & Strategic Analysis

Chris Stannell
PR Mang.

Mr. Réal Foley
Sr. VP of Marketing & Logistics

Mr. Nicholas Peter M. Hooper (Age 51)
Sr. VP of Corp. Devel. & Exploration

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TECK Stock - Frequently Asked Questions

Should I buy or sell Teck Resources stock right now?: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 1 hold rating and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TECK shares.
View TECK analyst ratings or view top-rated stocks.
What is Teck Resources' stock price forecast for 2022?: 15 Wall Street research analysts have issued 1 year target prices for Teck Resources' stock. Their TECK share price forecasts range from $36.00 to $63.00. On average, they expect the company's stock price to reach $50.86 in the next twelve months. This suggests a possible upside of 74.5% from the stock's current price.
View analysts price targets for TECK or view top-rated stocks among Wall Street analysts.
How have TECK shares performed in 2022?: Teck Resources' stock was trading at $28.82 at the beginning of the year. Since then, TECK stock has increased by 1.1% and is now trading at $29.15.
View the best growth stocks for 2022 here.
When is Teck Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our TECK earnings forecast.
How can I listen to Teck Resources' earnings call?: Teck Resources will be holding an earnings conference call on Thursday, October 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Teck Resources' earnings last quarter?: Teck Resources Limited (NYSE:TECK) posted its quarterly earnings data on Wednesday, July, 27th. The basic materials company reported $3.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $1.24. The basic materials company earned $5.79 billion during the quarter, compared to the consensus estimate of $5.59 billion. Teck Resources had a net margin of 28.90% and a trailing twelve-month return on equity of 23.73%. Teck Resources's revenue was up 126.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share.
How often does Teck Resources pay dividends? What is the dividend yield for Teck Resources?: Teck Resources announced a quarterly dividend on Tuesday, July 26th. Investors of record on Thursday, September 15th will be paid a dividend of $0.097 per share on Thursday, September 29th. This represents a $0.39 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, September 14th.
Read our dividend analysis for TECK.

Is Teck Resources a good dividend stock?: Teck Resources (NYSE:TECK) pays an annual dividend of $0.38 per share and currently has a dividend yield of 1.30%. The dividend payout ratio is 4.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 8.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.
What other stocks do shareholders of Teck Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods (ABF) and Chaarat Gold (CGH).
What is Teck Resources' stock symbol?: Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."
Who are Teck Resources' major shareholders?: Teck Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include Dodge & Cox (4.42%), Egerton Capital UK LLP (1.97%), FMR LLC (1.85%), Letko Brosseau & Associates Inc. (1.03%), Castle Hook Partners LP (0.97%) and Bank of Montreal Can (0.97%).
How do I buy shares of Teck Resources?: Shares of TECK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Teck Resources' stock price today?: One share of TECK stock can currently be purchased for approximately $29.15.
How much money does Teck Resources make?: Teck Resources (NYSE:TECK) has a market capitalization of $15.21 billion and generates $10.76 billion in revenue each year. The basic materials company earns $2.29 billion in net income (profit) each year or $8.05 on an earnings per share basis.
How many employees does Teck Resources have?: The company employs 10,600 workers across the globe.
How can I contact Teck Resources?: Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The official website for the company is www.teck.com. The basic materials company can be reached via phone at (604) 699-4000, via email at investors@teck.com, or via fax at 604-699-4750.

This page (NYSE:TECK) was last updated on 9/26/2022 by MarketBeat.com Staff

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Teck Resources - TECK Stock Forecast, Price & News

Teck Resources MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Teck Resources (NYSE:TECK) Stock

TECK Stock News Headlines

TECK Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

TECK Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™